Selected balance sheet information for the Wolf Company at November 30, and December 31, 2024, is presented below The company uses the perpetuat inventory system-and all sales to customers are made on credit The following cash flow information also is avallable. a. Cash collected from credit customers, $83,000 b. Cash pald for insurance, $5,300 c. Cash paid to suppliers of inventory, $63,000 (the entire accounts payable amounts relate to inventory purchases). d. Cash paid to employees for salaries. $10,300 Required: 1. Determine the following for the month of December 2. Prepare summary journal entries to record the month's sales and cost of those sales. Complete this question by entering your answers in the tabs below. Determine the following for the month of December: Selected bolance sheet informotion for the Wolr Company at November 30, and December 31, 2024, is presented below. The company uses the perpetual invertory system and all sales to customers are made on credit. The following cash flow information also is avalable a. Cash coliected from credis customers, $83,000 b. Cesh paid for insurance, $5,300 c. Cosh paid to suppliers of inventory, $63,000 (the entire accounts payable amounts relate to inventory purchases) d. Cash paid to employees for salanes, $10,300. Required: 1. Determine the following for the month of December 2. Prepare summary journal entres to record the month's sales and cost of thosepales Complete this question by entering your answers in the tabs below. Prepare surnmary journal entries to record the month's sales and cost of those sales: Note: if no entry is required for a event, select "No journal entry required" in the first account field. Journal entry worksheet Record the soles for the month of December. Note: inter debils befors oredics